Veritas Kapital Records Strong Half-Year Growth

Veritas Kapital Records Strong Half-Year Growth

Veritas Kapital Assurance Plc has reported an eight per cent rise in Gross Written Premium to N13.6 billion in the first half of the year. Dr Adaobi Nwakuche, Managing Director of Veritas Kapital Assurance, disclosed this in a statement on Wednesday in Lagos.

Nwakuche said the performance reflected strong market presence and effective distribution channels. She noted that Net Insurance and Investment Income surged by 244 per cent to N5.2 billion, from N1.52 billion recorded in full year 2024.

According to her, Profit After Tax reached N3.2 billion, already surpassing the company’s total earnings for the full year 2024. “These results affirm the strength of our values-driven model, built on our people’s dedication, a clear strategy, and unwavering focus on customer value,” she said.

Nwakuche said Total Assets rose by 11 per cent to N37 billion from N33.1 billion in 2024, showing improved financial health and operational efficiency. She added that shareholders’ funds increased to N15.1 billion from N11.92 billion in 2024, underscoring investor confidence and sound governance.

“This performance is the result of disciplined underwriting, investment optimisation, expanded digital capabilities, and strong customer-focused service delivery.

“The H1 2025 results go beyond growth. They show Veritas Kapital’s evolving role as a partner in progress, delivering solutions relevant to individuals, businesses, and communities.

“Each figure tells a story of protection delivered, promises honoured, and futures secured. We are building trust, not merely growing profits,” Nwakuche said.

She added that as Nigeria adapts to new economic realities, Veritas Kapital is charting a course defined by agility, innovation, and intentionality.

The company, she said, is investing in digital access, claims responsiveness, and talent development, while reinforcing its core values of integrity, transparency, and service. #Veritas Kapital Records Strong Half-Year Growth#

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